Sanghi Industries share: Although recovery was seen in the stock market last Friday, shares of some companies touched a 52-week low. One such share is of Adani Group’s cement company – Sanghi Industries Limited. The share price of this company is less than Rs 100. The stock is now at a 52-week low.
share price
Talking about the share of Sanghi Industries Limited, it closed at Rs 81.95, up 0.64% compared to the previous closing of Rs 81.43. During trading the share price reached Rs 82.30. Whereas, its lowest level was Rs 79.71. Let us tell you that this is the lowest level of 52 weeks of the stock. The share price in January 2024 was at Rs 156.20. This is the 52-week high of the stock.
How much stake do retail investors have?
Talking about the shareholding pattern of the company, 75 percent stake is with the promoter. Public shareholders hold 25 percent stake. Retail investors’ stake in Sanghi Industries Ltd stood at 24.5% during the September quarter. There is no change in the share in the September quarter as compared to the June quarter.
Break on stock market decline
The slowdown in the stock of Sanghi Industries came at a time when the stock market’s several-day decline came to a halt last Friday. BSE’s benchmark index Sensex based on 30 shares recovered from its initial low levels and closed at 81,224.75 with a gain of 218.14 points or 0.27 per cent. At one time during trading it had increased by 384.54 points to reach 81,391.15. The benchmark index Nifty of the National Stock Exchange (NSE) also closed at 24,854.05, up 104.20 points or 0.42 percent in volatile trading. With this, the domestic stock market was successful in recovering from the ongoing decline for three days. Buying by domestic institutional investors played an important role in this.
